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Market Outlook for Thursday, December 09, 2010

Thursday sees U.S. stocks poised to open higher as investors cautiously take a bullish stance while awaiting the government's weekly jobs report showing the number of Americans filing for first-time unemployment benefits and is a key report which should show the slow-recovering labor markets.

If the premarket gains hold, the S&P 500 and Nasdaq 100 will open at fresh 2010 highs. After surging last week, Wall Street has largely treaded water this week as the bears have failed to make anyway headway.

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